83,855 Shares in L3Harris Technologies Inc $LHX Bought by Arbejdsmarkedets Tillaegspension

Key Points

• Arbejdsmarkedets Tillaegspension opened a new position in L3Harris Technologies, buying 83,855 shares worth about $24.6 million. The stake represents 0.6% of its portfolio and makes LHX its 18th-largest holding.
• L3Harris reported better-than-expected quarterly results, posting EPS of $2.72 versus estimates of $2.53 and revenue of $5.74 billion, up 11.9% year over year. The company also reaffirmed FY 2026 guidance of 11.40 to 11.60 EPS.
• The company declared a quarterly dividend of $1.25 per share, payable June 26, for an annualized dividend of $5.00 and a yield of 1.6%. Meanwhile, analysts remain constructive, with a consensus rating of Moderate Buy and an average price target of $354.75.

Arbejdsmarkedets Tillaegspension bought a new position in L3Harris Technologies Inc (NYSE:LHX - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 83,855 shares of the company's stock, valued at approximately $24,617,000. L3Harris Technologies accounts for 0.6% of Arbejdsmarkedets Tillaegspension's investment portfolio, making the stock its 18th biggest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LHX. Caitlin John LLC bought a new position in shares of L3Harris Technologies during the third quarter valued at $28,000. American National Bank & Trust lifted its holdings in shares of L3Harris Technologies by 44.8% during the fourth quarter. American National Bank & Trust now owns 97 shares of the company's stock valued at $28,000 after acquiring an additional 30 shares during the period. JPL Wealth Management LLC bought a new position in shares of L3Harris Technologies during the third quarter valued at $29,000. Triumph Capital Management bought a new position in shares of L3Harris Technologies during the third quarter valued at $31,000. Finally, GGM Financials LLC bought a new position in shares of L3Harris Technologies during the third quarter valued at $32,000. 84.76% of the stock is owned by institutional investors.

L3Harris Technologies Price Performance

L3Harris Technologies stock opened at $307.41 on Friday. The firm has a market capitalization of $57.27 billion, a P/E ratio of 33.38, a PEG ratio of 1.54 and a beta of 0.51. L3Harris Technologies Inc has a 1 year low of $220.87 and a 1 year high of $379.23. The business has a 50-day moving average of $343.35 and a 200-day moving average of $324.52. The company has a current ratio of 1.03, a quick ratio of 0.89 and a debt-to-equity ratio of 0.47.

L3Harris Technologies (NYSE:LHX - Get Free Report) last posted its earnings results on Thursday, April 30th. The company reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.19. L3Harris Technologies had a return on equity of 10.65% and a net margin of 7.71%.The company had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.42 billion. During the same period in the previous year, the company earned $2.41 EPS. The company's revenue for the quarter was up 11.9% compared to the same quarter last year. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. On average, equities analysts anticipate that L3Harris Technologies Inc will post 11.57 EPS for the current year.

L3Harris Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be given a $1.25 dividend. The ex-dividend date is Friday, June 5th. This represents a $5.00 annualized dividend and a dividend yield of 1.6%. L3Harris Technologies's payout ratio is currently 54.29%.

Insider Activity at L3Harris Technologies

In related news, insider Jon Rambeau sold 5,528 shares of the business's stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $370.32, for a total value of $2,047,128.96. Following the completion of the transaction, the insider directly owned 7,660 shares in the company, valued at approximately $2,836,651.20. The trade was a 41.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Melanie Rakita sold 2,378 shares of the business's stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $341.45, for a total value of $811,968.10. Following the completion of the transaction, the vice president owned 4,882 shares of the company's stock, valued at $1,666,958.90. This represents a 32.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 16,365 shares of company stock worth $5,861,117. 0.68% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

LHX has been the subject of a number of analyst reports. Truist Financial raised L3Harris Technologies to a "strong-buy" rating in a report on Friday, May 1st. Susquehanna reaffirmed a "positive" rating on shares of L3Harris Technologies in a report on Thursday, January 15th. Wall Street Zen raised L3Harris Technologies from a "hold" rating to a "buy" rating in a report on Saturday, April 11th. Citigroup lifted their price target on L3Harris Technologies from $389.00 to $418.00 and gave the company a "buy" rating in a report on Thursday, February 5th. Finally, JPMorgan Chase & Co. lifted their price target on L3Harris Technologies from $340.00 to $395.00 and gave the company an "overweight" rating in a report on Thursday, February 5th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, L3Harris Technologies has a consensus rating of "Moderate Buy" and an average price target of $354.75.

L3Harris Technologies Profile

L3Harris Technologies NYSE: LHX is an American aerospace and defense company formed in 2019 through the combination of L3 Technologies and Harris Corporation. Headquartered in Melbourne, Florida, the company designs, manufactures and supports a broad range of technology solutions for government and commercial customers, with a particular emphasis on defense, intelligence and public safety applications.

The company's offerings span communications systems, avionics, electronic warfare, intelligence, surveillance and reconnaissance (ISR) sensors, space systems and mission integration.

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